The crypto market has calmed down a bit. Instead of chasing wild price increases, investors are turning to stablecoins for safety. Stablecoins: What They Are and Why They’re Popular Stablecoins are cryptocurrencies that are pegged to real-world assets like the US dollar. This makes them less volatile than other cryptocurrencies like Bitcoin. USDC on the…
A California resident has filed a class-action lawsuit against Wells Fargo, alleging the bank illegally withdrew funds from her accounts without proper notice or authorization. Plaintiff’s Claims Piano teacher Helen Palma claims Wells Fargo seized funds from her checking and savings accounts after she fell behind on credit card payments. According to the lawsuit, the…
Top Trader’s Pick A renowned crypto trader, known as Flow Horse, has identified Ethena (ENA) as a promising altcoin investment opportunity. ENA is an Ethereum-based DeFi token that aims to provide a stable and scalable form of currency. Potential for Growth Flow Horse believes that ENA has strong potential for growth, particularly in light of…
The Securities and Exchange Commission (SEC) has approved eight proposals for spot Ethereum ETFs, marking a significant step forward for the cryptocurrency industry. Approval Process The SEC has given the green light to 19b-4 filings from major investment firms such as BlackRock, Fidelity, and Grayscale. However, the ETFs still require approval of their S-1 registration…
The U.S. Supreme Court has ruled that Coinbase must face a lawsuit over its 2021 Dogecoin giveaway. Conflicting Rules The giveaway’s rules stated that disputes would be resolved in California courts, while Coinbase’s user agreement required arbitration. This led to a class action lawsuit alleging that the giveaway violated the law. Court’s Decision The Supreme…
Dramatic Turn in Courtroom During a recent court hearing in Nigeria, Tigran Gambaryan, a Binance executive facing money laundering charges, collapsed due to alleged illness. Gambaryan’s health episode brought an unexpected twist to the ongoing legal battle between Binance and Nigerian authorities. Trial Postponed Gambaryan’s attorney, Mark Mordi, informed the court that his client was…
Miner Revenue and the Puell Multiple The Puell Multiple is an indicator that compares Bitcoin miners’ daily revenue to their average revenue over the past year. It suggests that when the multiple is above 1, miners are earning more than usual, indicating potential overvaluation. Conversely, when it’s below 1, miners are earning less, potentially signaling…
Former President Donald Trump’s presidential campaign is now accepting donations in various cryptocurrencies. Accepted Cryptocurrencies Supporters can now contribute using: Bitcoin (BTC) Ethereum (ETH) Shiba Inu (SHIB) Dogecoin (DOGE) Bitcoin Cash Litecoin XRP DAI Tether USD Political Implications Trump’s embrace of cryptocurrencies is seen as a strategic move that: Makes his campaign the first major…
Ethereum has been on a roll lately, but it took a sudden dip below $3,800 recently. Some analysts are pointing the finger at a large sell order from a Maximum Extractable Value (MEV) trading firm called Symbolic Capital Partners. Symbolic Capital Partners’ Sell Order According to a crypto journalist, Symbolic Capital Partners sold off a…
Economist Alex Krüger predicts that the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could propel the cryptocurrency to record-breaking highs. ETF Approval to Ignite Price Surge Krüger believes the market has yet to factor in the impact of an ETH ETF approval. He anticipates that such approval would send Ethereum soaring against Bitcoin…
